Honeywell International Inc. (NASDAQ:HON) Shares Bought by Advisors Preferred LLC

Advisors Preferred LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 375.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,000 shares of the conglomerate's stock after acquiring an additional 7,108 shares during the quarter. Advisors Preferred LLC's holdings in Honeywell International were worth $1,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $34,000. Alexis Investment Partners LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $37,000. Banque de Luxembourg S.A. acquired a new position in Honeywell International in the fourth quarter valued at approximately $38,000. Finally, Garde Capital Inc. acquired a new position in Honeywell International in the first quarter valued at approximately $42,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock traded down $0.24 during mid-day trading on Friday, hitting $224.24. 5,645,057 shares of the stock were exchanged, compared to its average volume of 3,343,010. The stock's fifty day simple moving average is $229.41 and its two-hundred day simple moving average is $216.99. The stock has a market capitalization of $144.11 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.53 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.95 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $2.49 EPS. The company's revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International's payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research reports. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $252.00.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.